MetLife Inc. announced 11 environmental goals for 2030 that will support its plan to cut the environmental impact of its global operations and supply chain.
The company said it intends to reduce its location-based greenhouse gas emissions by 30% from 2019 levels and originate $20 billion in new MetLife Investment Management–managed green investments by 2030.
Allocating $5 million to develop products and partnerships that drive climate solutions, planting 5 million trees, and maintaining carbon neutrality annually across its global offices, fleet and business travel are also among the company's 2030 environmental goals.
In addition, MetLife has committed to mobilize 100 of its suppliers to set their own greenhouse gas emissions reduction target by 2025. MetLife Foundation has also committed to grant $10 million for environmental causes.
MetLife said it surpassed its previous environmental goals a year early, managing to cut its annual energy consumption by 33% and its location-based greenhouse gas emissions by 27% between 2012 and 2019. The company was aiming for 10% reductions by 2020.
As of year-end 2019, MetLife Investment Management had more than $18.3 billion in green investments under management, including ownership stakes in wind and solar farms.